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Daily Pivots: (S1) 0.8814; (P) 0.8852; (R1) 0.8903; More… Intraday bias in USD/CHF stays neutral as range trading continues below 0.8956. With 0.8800 support intact, further rally remains in favor. On the upside, break of 0.8956 will resume the rally from 0.8374, and target 0.9223 key resistance next. However, firm break of 0.8800 will confirm […]

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04/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.51; (P) 163.96; (R1) 164.85; More… Breach of 164.40 resistance argues that EUR/JPY’s pull back from 165.33 has completed at 162.59 already. Intraday bias is back on the upside for retesting 165.33. Firm break there will resume larger up trend. For now, further rally will remain in favor as long as 162.59 […]
07/07/2024

EUR/JPY Weekly Outlook

EUR/JPY’s up trend continued to 174.50 last week but turned sideway since then. Initial bias is neutral this week for some more consolidations first. On the upside, firm break of 174.50 will target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the downside, however, break of 173.07 will turn bias to the […]
19/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.04; (P) 169.47; (R1) 169.98; More… Intraday bias in EUR/JPY stays neutral first. On the upside break of 170.12 resistance will argue that pull back from 170.87 has completed at167.52, after drawing support from 55 D EMA. Intraday bias will be back on the upside for 170.87 and then 171.58 high. In […]